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2023-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF OUGHTIBRIDGE

Known as Oughtibridge Parish Church

Annual report and unaudited financial statements For the year ended 31 December 2023

Registered charity number 1196843

Contents

Contents
Page
Annual report of the PCC 1 - 8
Independent examiner’s report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the accounts 12 -18

Oughtibridge Parish Church Annual report of the PCC For the year ended 31 December 2023

Aims and Purposes

Oughtibridge Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent Revd Chris Tufnell (Vicar) in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church and Parish Centre complex of Oughtibridge Parish Church (OPC).

Objectives and Activities

The PCC’s objects are promoting in the ecclesiastical parish the whole mission of the church.

The PCC is committed to enabling the church to reach as many people in Oughtibridge parish (which includes the villages of Worrall and Wharncliffe Side) and beyond with the good news of Jesus Christ, so that they repent and come to faith in Him as their Lord and Saviour and join the OPC church family.

When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion.

In addition to a weekly Sunday morning service, our activities include:

Review of the Year

There are 130 people on the electoral roll (118 people in 2022), 30 of whom are not resident in the parish. During the year 14 were added and 2 were removed because they began attending other churches. The average weekly attendance counted during October was 157.

1

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2023

Corporate Worship

Continued growth through 2023 led to higher in-person attendance at our Sunday services compared to previous years. This has been a great joy, for which we give thanks. It is especially encouraging to see members of the parish who were not previously regular churchgoers finding a home at OPC and becoming fully integrated with Sunday attendance, small group involvement and serving. Through the year, we were delighted to see 4 infants in our church family baptised.

Following the planning of the PCC to create short-, medium- and long-term plans to address the problem of overcrowding in our Parish Church building during Sunday services, for the first half of 2023, an overflow space was used as we regularly exceeded the number of attendees we could safely accommodate in the Parish Church. Our medium-term plan of opening up the back of the Parish Church was undertaken in August, which allowed us to set up extra rows of seating and increase our capacity by up to 41, so that we were able to return to gathering in one building. During school term-time, our average weekly attendance was 158.

Following on from our ‘Discerning Direction’ process in 2022, we began 2023 with a talks series where we looked at our nine Values – to be Jesus-Centred, Bible-Based, Prayerful, Pursuing Personal Growth, A Caring Church Family, Outward-Looking, Generous, Enabling Everyone To Serve and Transparent & Accountable.

Throughout 2023 we have continued livestreaming our Sunday services. On average, each service receives over 150 views. Some of these views are members of the church family catching up if they were unable to attend in–person (for example, because they were serving in the children’s ministry or are shift–workers who sometimes have to work Sunday mornings). Many of these ‘views’ are local and non–local spiritual seekers, some of whom have then begun to attend in–person. We are also joined by local and non–local Christians, some housebound, some unable to find a church local to them where they feel able to worship. This ministry is a very valuable one, which is serving many people very well indeed. All of this vindicates the financial and personal investments we have made to provide this ministry. Indeed, the financial investment has been at least significantly (and possibly entirely) reimbursed through donations specifically given by non–local livestream viewers. We must be very grateful to the volunteers who serve each week on the tech desk to provide this service.

Church Staff

Throughout 2023, both Anna De Castro and Ella Thompson continued in their respective roles as Children, Youth & Families’ Worker and Church Administrator.

In June, the PCC voted to begin advertising for an Associate Vicar, with the hope that this appointment would relieve pressure and release growth.

2

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2023

Outreach

A wide variety of outreach events were held during the year, including:

All of these events were well-attended, with 46 children joining us for our Holiday Club being a particular highlight.

In 2023, a small team from OPC, including Chris Tufnell and Anna De Castro began regularly visiting both Oughtibridge Primary School and Coumes Spring Nursery to deliver assemblies, following a series entitled ‘People Jesus Met’.

We also continued our outreach to older members of our community, living in residential care facilities in the parish. We held monthly Sunday afternoon services at Coumes Brook Residential Care Home, and occasional visits to the residents of Westnall House, including to sing carols and deliver gift bags at Christmas.

In 2023, we continued our monthly Community Litter Picks, including one on Monday 8[th] May as part of King Charles’ ‘The Big Help Out’ initiative. Our weekly Community Café, serving low-cost breakfasts every Thursday, continues to be well attended.

We also held two courses for those wishing to explore the Christian faith further, the ‘Encounters’ course in the Spring Term and ‘Christianity Explored’ in the Autumn Term.

In February, we launched our Bless the Parish appeal which raised £8000. Through the year this fund was used to support local families affected by the cost of living crisis, through the provision of supermarket gift cards. These were distributed to families eligible for free school meals, or in particular need, through Oughtibridge Primary School and Wharncliffe Side Primary School.

On several occasions through the year a small team distributed ‘Welcome Bags’ to new residents of the Oughtibridge Valley housing estate. These visits and bags were very warmly received, and several households have become regularly involved in the life of the church to varying degrees. This has included several now regularly attending on Sundays and one person putting their faith in Jesus.

3

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2023

Mission Partners

During 2023, OPC continued to support the following Mission Partners:

Through the year, we also established further links with:

St Matthias, Stocksbridge

During 2023 we began fundraising for the St Matthias, Stocksbridge ‘Back to Life’ campaign to repair, reorder and reopen the building and send a team to plant a church there in the coming years. At the end of 2023 this fund stood at £31,240. Fundraising efforts were paused in February 2023 to take stock of the wider situation in the Church of England and because a curate was not appointed to OPC in 2023, which is required for the church plant to take place. We continue to pray for the appointment of the right person as a ‘planting curate’ and for the significant funds required to realise this vision.

Parish Centre Refurbishment

During 2023 the refurbishment of the Parish Centre (which began in late 2022) was completed. This was a major refurbishment to address a series of substantial issues that had made the building nearly unusable. The specification included a full refit of the kitchen, complete redesign and refit of the toilet and washroom area, drylining and replastering of walls and replacement of the ceiling in the main hall, full rewiring of the building, replacement of windows with uPVC framed double-glazed units, replacement of the main door and the creation of a new rear entrance with wheelchair ramp and automatic door, sanding and re–treating of the floor in the hall, replacement of heating pipes and boiler. Externally, significant repair works took place on the roof, including the rear extension receiving new felt and being fully re-tiled. Internally, all doors were replaced, radiators were sand-blasted, redecorated and refitted and new PA and projection equipment was installed. Seventy stacking chairs were also purchased with trolleys for easy storage. In June 2023 the church family volunteered to repaint the inside of the building. The building came back into use in August 2023.

The result of this extensive refurbishment is a building that is highly attractive, functional and energy-efficient, ready for use by the church and community for many years. We must be very grateful to all those who supported this project financially and practically.

4

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2023

Safeguarding

Throughout the year, the PCC believe they have complied with the duty to have ‘due regard’ to the House of Bishops' Safeguarding Policy and Practice Guidance.

In 2023, Andrew Thompson and Angela Howard have remained in their posts as Parish Safeguarding Officer (PSO) and Deputy Parish Safeguarding Officer (DPSO). They have continued overseeing Safer Recruitment and have responded to safeguarding concerns promptly. The PSO continues to present a safeguarding report to the PCC each month and is pleased to report full support from the Incumbent, Wardens and PCC.

As always, the task of the PSO and the whole church family is to work towards achieving this goal: create and maintain a safe, caring, open and transparent environment in which survivors and the vulnerable can hear and experience for themselves the love offered to them by their Lord and Saviour, Jesus Christ.

Financial Review

Income into the general funds in 2023 amounted to £160,252 (2022 - £141,008). Planned giving receipts increased to £108,140 (2022 - £92,686) reflecting the increased number of church family members, and £23,274 of gift aid was recoverable (2022 - £21,938). Gift Aid had been claimed quarterly - due to a change in the finance team a catch up of gift aid from August 2023 will be realised in March 2024. Non-recurring donations of £2,897 were also received in the year (2022 - £6,193). Investment income totalled £2,529 (2022 - £2,317) and letting income totalled £6,758 (2022 - £7,454). Service support for weddings and funerals (verger, music bands, PA/AV, livestreaming provided on request), events and the community café gave an income of £14,703 (2022 - £8,829).

Expenditure from the general fund in 2022 was £160,082 (2022 - £68,914). £14,520 has been paid to the diocese for common fund support (2022 - £13,920). Mission and evangelism costs amounted to £20,612 (2022 - £17,632), and church running costs amounted to £38,238 (2022 - £14,431).

A detailed breakdown of these costs is given in the notes to the accounts. Expenses relating to both the general fund internal ministry costs of £7,893 (2022- £5,432). Outreach resources of £2,721 (2022 - £6,190) included numerous low-cost items. The increase compared to the previous year reflects the increased growth and activity of the church.

£66,511 of the Church Centre refurbishment was spent from general funds, with an additional £4,472 capitalised equipment for the project. This spend was approved by the PCC. A further £4,213 was spent in removing the internal walls at the back of the main church building. This allowed for further seating to be set up for services and to accommodate the growth in weekly attendance.

Net general fund income for the year was £4,427 before transfers. The general funds have a balance of £134,209 (2022 - £123,832) at the year end, which is represented by fixed assets with an accounting value of £31,819 (2022 - £32,425) and free reserves of £102,390 (2022 - £91,407).

Income into restricted funds equalled £93,809 whilst expenditure equalled £165,917. As of 31 December 2023 there was a balance in the restricted funds of £55,277. The main 3 funds are St Mattias (£31,240), a grant and donations to support of the Associate Vicar post (£8,000), with an additional remaining grant to support of the Children, Youth & Families worker post (£11,854). The restricted funds note in the accounts gives a summary of the movements on each restricted fund.

5

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2023

The PCC also holds endowment funds (gifts, mostly in the form of shares to generate income) with a value on 31 December 2023 of £81,057 (2022 - £74,494). The majority of these arose on sale of Church of England schools which can be spent on general purposes if required.

Reserves policy

The PCC has determined that the free reserves held should be three months of regular budgeted payments. This amounts to approximately £21,000 for 2023. Free reserves (general fund excluding tangible assets) amounted to £102,390 at 31 December 2023 (2022 - £91,707). We thank God that these funds well exceed the target. The PCC is mindful that with the hiring of an Associate Vicar planned for 2024, employee costs will be set to rise by £33k a year along with potential housing costs of £18k a year.

In addition, the PCC hold £5,578 in designated funds (set aside at the discretion of the PCC) (2022- £12,290), £10K, which had been reserved for the Children, Youth & Families worker post has been released back into the general funds. For the church planting designated fund, £612 was spent supporting the St Matthias ‘Back to life’ fundraising activities, an additional £3,000 had assigned to the fund at the end of 2023.

6

Oughtibridge Parish Church Annual report of the PCC - continued For the year ended 31 December 2023

Structure, governance and management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission.

The method of appointment of PCC members is set out in the church representation rules. All church attendees are encouraged to register on the electoral role.

The PCC met 13 times during the year.

Administrative information

Oughtibridge Parish Church is in the centre of Oughtibridge, Sheffield. It is part of the Diocese of Sheffield within the Church of England. The church serves the villages of Worrall and Wharncliffe Side as well as Oughtibridge. The correspondence address is The Vicarage, Church Street, Oughtibridge, Sheffield, S35 0FU.

PCC members who have served at any time from 1 January 2023 until the date this report was approved are:

Ex Officio members:

Incumbent The Reverend Christopher Tufnell (Chairman) – (from 15 July 2020) Warden Andrew White (Secretary from 23 March 2021) Warden Helen Kean (Appointed as Warden 27 April 2022, reappointed 19 April 2023) Treasurer Rachel Field (co-opted, stepped down 31 August 2023) Treasurer Jon Burbridge (co-opted from 1 September 2023) Safeguarding Officer Andrew Thompson (co-opted from 17 November 2022) General Synod Anna De Castro Deanery Synod Amanda Lant (stepped down, 19 April 2023) Deanery Synod Lynsey Frost (from 19 April 2023)

Elected members:

Mendes De Castro David Stanley Joanne Brook Steve Asbery Jacqueline Shapland (from 19 April 2023) Joseph Rose (from 19 April 2023) Philip Hobbs (from 19 April 2023)

Accountants

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

7

Oughtibridge Parish Church Annual report of the PCC- continued For the year ended 31 December 2023 PCC responsibilities in relation to the financial statements The charity trustees IPCCI are responsible for preparing the Annual report of the PCC and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the State of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial ststements, the trvstees are required to.. Select suitable accounting policies and then apply them consistentlv; Observe the methods and principles in the applicable Charities SORP,. Make judgements and estimates that are reasonable and prudent- State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements,. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial posltion of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities IAccounts and Reports) Regulations, and the provision5 of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the chariws website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Approved by the PCC on 21 los J 2024 and signed on their behalf by: Rev Christopher Tufnell Incumbent and PCC Chairman

Independent examinerfs report to the PCC members of Oughtibridge Parish Church (the Charity) I report to the PCC members on my examination of the account5 of the Charity for the year ended 31 December 2023. Responsibilities and basis of report As the PCC members of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Charity's account5 carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act- or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirement5 concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2(X)8 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. Your attention is to drawn to the fact that the charity has prepared the accounts Ifinancial statements) in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. 3 Sarah L ot, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH Date.. 21 March 2024

Oughtibridge Parish Church Statement of financial activities For the year ended 31 December 2023

Notes
Income from:
Voluntary giving
Planned giving
Service collections
Non-recurring donations
Gift aid recovered
Grants received
Investments
Bank and CBF Deposit Fund Interest
Sale of Worrall School - dividends
Fanny Lambert - dividends
Churchyard - dividends
Church activities
Fees relating to weddings and funerals
Events, service support, cafe
Church centre and chapel lettings - community use
Other income
Total income
Expenditure on:
Church activities
Mission Support
Common fund support
Salary costs
4
Clergy expenses
Staff conferences and training
Church expenses
Mission and evangelism costs
2
Church running costs
3
Church Centre refurbishment
11
Chapel refurbishment - grants paid out
St Matthias costs
12
Total expenditure
Net gains/(losses) on investments
8
Net income/(expenditure)
Transfer of funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 General
funds
£
108,140
208
2,897
23,274
1,150
135,669
443
1,838
24
224
2,529
586
14,703
6,758
22,047
7
160,252
6,550
14,520
6,365
1,520
1,509
20,612
38,238
66,511
-
-
155,825
-
4,427
5,950
10,377
123,832
134,209		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100
-
-
-
612
712
-
(712)
(6,000)
(6,712)
12,290
5,578		 Restricted
funds
£
4,080
613
36,672
1,568
49,210
92,143
29
-
-
-
29
554
-
-
554
1,083
93,809
468
-
42,842
-
-
8,971
206
110,180
3,250
-
165,917
-
(72,108)
50
(72,058)
127,335
55,277		 Endowment
funds
£
-
-
-
-
-
-
3
-
-
-
3
-
-
-
-
-
3
-
-
-
-
-
-
-
-
-
-
-
6,560
6,563
-
6,563
74,494
81,057		 Total
2023
£
112,220
821
39,569
24,842
50,360
227,812
475
1,838
24
224
2,561
1,140
14,703
6,758
22,601
1,090
254,064
7,018
14,520
49,207
1,520
1,509
29,683
38,444
176,691
3,250
612
322,454
6,560
(61,830)
-
(61,830)
337,951
276,121		 Total
2022
£
92,686
601
12,443
23,501
130,590
259,821
245
1,828
24
222
2,319
2,444
8,829
7,454
18,727
1,554
282,421
8,096
13,920
43,362
1,820
528
19,905
27,964
31,819
-
7,710
155,124
(9,302)
117,995
-
117,995
219,956
337,951

10

Ou8htibridge Parish Chur¢h Balance Sheet Ns at JI Decemb2r2023 20Z3 2022 Note5 Flxed assets 31.819 76.274 108.093 32,425 69.714 102,139 Investments Total fixed assets Current A55et5 Balante ai bank and cash Debtor5 Total cuffent a55ets 161.713 12,906 174,619 233.513 6,139 239,652 io 13,8401 Nettyr￿￿t¥s5et$ 168.028 235,812 Total assets les5 current Ilabilltles 276,121 337,951 Creditors-. amounts falling due after more than oneyear Total net a55ets 276.121 337,951 Represented By FUNDS General fund Designated fund5 Total unrestricted income funds 134.209 5,578 139,787 55.277 81,057 276.121 123,832 12,290 136,122 127.335 74,494 337,951 li 12 ia Endowment funds Thefinancial 5tatement5were approved bythe Pccon os 202 and signed on their behalf by.. Ci25 O- Rev ChristopherTufnell Incumbent and PCC Chairman

Oughtibridge Parish Church Notes to the financial statements For the year ended 31 December 2023

1 Accounting Policies

The accounts (financial statements) have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs.

The exemption to prepare a Statement of Cash Flows has been taken.

The PCC constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared under the historical cost convention except for the valuation of investment assets. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

b Fund accounting

Unrestricted income funds comprise those funds which the PCC are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Endowment funds have arisen as a result of gifts (primarly of shares) made to the PCC, where it was primarly expected that the capital would be held to generate income, but could be spent if the trustees so determine. Details of these funds are given in note 13.

c Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aided donations is usually accrued for on the donation date except in relation to some major projects (see below). Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due is quantifiable and its ultimate receipt by the PCC reasonably certain.

Although the PCC is legally entitled to claim Gift Aid tax on donations received in respect of major projects, the PCC’s policy is not to reclaim tax where there remains any significant doubt about whether a project will proceed as proposed. For this reason, no Gift Aid tax will be reclaimed on donations to the St Matthias project until the PCC has confirmed the project will go ahead.

Rental income from the letting of church premises is recognised when the rental is due.

Bank interest is accounted for when receivable.

d Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Mission support

The church supports mission in the UK and around the world. Where a particular mission partner is supported over a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability.

Whilst the support has no final end date, the Council assesses mission partner funding on an annual basis and is confident that the mission partners would not view their support as an open ended obligation on the part of the Council. The annual commitment only is accounted for in these financial statements.

12

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2023

1 Accounting Policies - continued

e Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and benefice property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time.

Equipment

Equipment used within the church premises is depreciated on a straight line basis over its useful life: Music/PA/AV equipment 5 - 10 years

IT,office and other equipment 5 - 10 years

Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired, unless the equipment is deemed part of a larger project.

f Investments and realised gains and losses

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

g Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

h Pensions

The organisation has a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

i Taxation

As a charity, the Church is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

j Going concern

The financial statements have been prepared on a going concern basis as the PCC believe that the charity will continue to operate for 12 months from authorising these financial statements.

2 Mission and evangelism costs

Children's resources
Youth resources
Café expenses
Outreach resources
Fees paid re weddings and funerals
Youth events
Internal ministry costs
Prior year fund split:		 General
funds
£
1,319
507
7,255
2,721
709
208
7,893
20,612
17,632		 Designated
funds
£
-
-
-
-
-
-
100
100
-		 Restricted
funds
£
102
510
-
7,079
554
726
-
8,971
2,273		 Endowment
funds
£
-
-
-
-
-
-
-
-
-		 Total
2023
£
1,421
1,017
7,255
9,800
1,263
934
7,993
29,683		 Total
2022
£
810
814
4,386
6,729
1,454
280
5,432
19,905
19,905

13

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2023

3
Church running costs
General
Designated
funds
funds
Note
£
£
Church insurance
2,681
-
Church utility costs
4,138
-
Church maintenance
5,211
-
Parish centre and chapel building running costs
14,472
-
Music/PA/AV
Music/PA/AV equipment depreciation
3,973
-
Music copyright, subs, piano tuning etc.
1,357
-
Administration
Churchsuite, payroll bureau & planning centre
1,290
-
Printing, postage and stationery
2,226
-
IT, office and other equipment depreciation
1,105
-
Bank fees
345
-
Legal and professional fees
1,140
-
Independent examination fee
6
300
-
38,238
-
Prior year fund split:
27,964
-
4
Staff costs, PCC remuneration and expenses, and the cost of key management personnel
Salaries
Employer's national insurance costs
Employment allowance
Employer's pension contribution
Average number of employees		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
206
-
-
206
-		 Endowment
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2023
£
2,681
4,138
5,211
14,472
3,973
1,357
1,290
2,226
1,105
551
1,140
300
38,444
2023
£
43,153
3,471
(3,471)
6,054
49,207
2.0		 Total
2022
£
2,566
4,218
2,239
9,944
3,767
1,375
816
933
542
154
1,110
300
27,964
27,964
2022
£
38,036
3,453
(3,453)
5,326
43,362
1.6

No employee earned £60,000 per annum or more in the current or preceding accounting period.

PCC members were not paid and did not receive any other benefits in their capacity as PCC members in the year (2023: £nil) neither were they reimbursed expenses in their capacity as PCC members during the year (2023: £nil).

The key management personnel of the charity comprise the PCC members, which include the clergy. A common fund contribution of £14,520 was paid to the Diocese of Sheffield towards clergy remuneration (2023: £13,920). Other clergy expenses, including housing costs, were £1,520 (2023: £1,820).

The following employees were employed by the PCC whilst being voting PCC members, or were spouses of voting PCC members during the year:

Employee
Position
A De Castro
PCC member and spouse of PCC member
E Thompson
Spouse of PCC member		 Remuneration benefits
2023
2022
£
£
42,284
40,665
10,483
6,150

Remuneration benefits include salary, employer national insurance contributions and pension contributions.

PCC members and (and close family) donated £33,722 before Gift Aid without conditions (2023: £25,640). PCC members (and families) donated £2,115 before Gift Aid to restricted funds (2023: £250), however these are all donations in to existing funds and do not place further restrictions on the use of these funds. (Where a PCC member has only served for part of the year, donations are included for the whole of the financial year.)

Grants were received from the following trusts during the year, which had trustees (PCC members) in common.

2023 2022
Grant funding charity Relationships with PCC members Purpose of the grant £ £
The Langsett Trust Rev Chris Tufnell and Rachel Field are trustees Families, Children & Youth Worker's Fund 38,460 9,000

The trustees declared their conflicts and followed the grant giving charities conflicts of interest policies, during the decision making process. Other related party transactions during the year were:

14

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2023

6 Independent examination fee

Independent examination fee
Other fees paid to the independent examiner's organisation - accountancy services
7
Tangible assets
Music, PA and AV
equipment
Cost or Valuation
As at 1 January 2023
37,154
Additions
-
As at 31 December 2023
37,154
Depreciation
As at 1 January 2023
6,695
Depreciation charge
3,973
As at 31 December 2023
10,668
Net Book Value
As at 31 December 2023
26,486
As at 31 December 2022
30,459
8
Investments
Valuation b/fwd
Gains/(losses) during the year
9
Debtors
Gift aid receivable
Other debtors
10
Creditors: amounts falling due within one year
Trade creditors
Taxes and social security
Other creditors		 2023
£
300
1,140
IT and office
equipment
£
2,710
4,472
7,182
744
1,105
1,849
5,333
1,966
2023
£
69,714
6,560
76,274
2023
£
12,124
782
12,906
2023
£
5,151
-
1,440
6,591		 2022
£
300
1,110
Total
£
39,864
4,472
44,336
7,439
5,078
12,517
31,819
32,425
2022
£
79,016
(9,302)
69,714
2022
£
5,311
828
6,139
2022
£
2,430
-
1,410
3,840

15

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2023

11 Designated funds

Future Church plants/grafts
Families, Children & Youth Worker's Fund
Discretionary Fund		 Balance at
1-Jan-23
£
2,290
10,000
-
12,290		 Income
£
-
-
-
-		 Expenditure
£
(612)
-
(100)
(712)		 Transfers
£
3,000
(10,000)
1,000
(6,000)		 Balance at
31-Dec-23
£
4,678
-
900
5,578

Future Church plants/grafts

Funds set aside to support future church plant/grafts. The fundraising and website costs towards the "Back to Life" project were met from this fund in the year. The PCC set aside a further £3,000 during the year.

Families, Children & Youth Worker's Fund

Funds set aside to fund the family, children & youth worker post when current grant funding ceases. These funds were released back to the general fund.

Discretionary Fund

The OPC Discretionary Fund exists to aid members of the church family in immediate financial or material need. The PCC set aside £1,000 in this fund during the year.

Prior year comparison
Future Church plants/grafts
Families, Children & Youth Worker's Fund		 Balance at
1-Jan-22
£
3,000
5,000
8,000		 Income
£
-
-
-		 Expenditure
£
(7,710)
-
(7,710)		 Transfers
£
7,000
5,000
12,000		 Balance at
31-Dec-22
£
2,290
10,000
12,290
Parish Centre Refurbishment Fund
Families, Children & Youth Worker's Fund
Admin Worker's Fund
Youth Fund
Children/ Youth Donation
External Christmas lights
Oughtibridge Christian Council
DBF Fees
Burngreave Food Bank Donations
Bless the Parish
Associate minister fund
Chapel Refurbishment
Defibrillator grant
St Matthias		 Balance at
1-Jan-23
£
110,180
11,866
4,370
546
-
172
201
-
-
-
-
-
-
-
127,335		 Income
£
-
38,460
-
-
1,250
-
763
554
1,128
8,186
8,000
3,250
933
31,285
93,809		 Expenditure
£
(110,180)
(38,472)
(4,370)
(546)
(792)
-
(479)
(554)
(468)
(6,761)
-
(3,250)
-
(45)
(165,917)		 Transfers
£
-
-
-
-
-
-
50
-
-
-
-
-
-
-
50		 Balance at
31-Dec-23
£
-
11,854
-
-
458
172
535
-
660
1,425
8,000
-
933
31,240
55,277

Parish Centre Refurbishment Fund

Donations and grants received to support the parish centre refurbishment project. The refurbishment finished during the year.

Families, Children & Youth Worker's Fund

Donations and grants received to support the family, children & youth worker's post together with associated costs incurred.

St Matthias

Monies raised towards the work required to open St Matthias, Stocksbridge.

Prior year comparison
Parish Centre Refurbishment Fund
Families, Children & Youth Worker's Fund
Admin Worker's Fund
Youth Fund
External Christmas lights
Oughtibridge Christian Council
DBF Fees
Burngreave Food Bank Donations		 Balance at
1-Jan-22
£
47,986
15,098
-
826
172
132
-
-
64,214		 Income
£
93,903
34,000
10,500
-
-
508
1,454
1,046
141,411		 Expenditure
£
(31,819)
(37,232)
(6,130)
(280)
-
(539)
(1,454)
(1,046)
(78,500)		 Transfers
£
110
-
-
-
-
100
-
-
210		 Balance at
31-Dec-22
£
110,180
11,866
4,370
546
172
201
-
-
127,335
16

Oughtibridge Parish Church Notes to the financial statements - continued For the year ended 31 December 2023

13
Endowment funds
Sale of Church of England Schools
Churchyard
Fanny Lambert		 Balance at
1-Jan-23
£
66,223
7,479
792
74,494		 Income
£
3
-
-
3		 Expenditure
£
-
-
-
-		 Investment
revaluation
£
5,781
704
75
6,560		 Transfers
£
-
-
-
-		 Balance at
31-Dec-23
£
72,007
8,183
867
81,057

Sale of Church of England Schools

Expendable endowment funds have arisen on the sale of Church of England Schools. The monies are primarily for the generation of interest and dividends but can be spent on general church purposes if required.

Churchyard

Investments held to fund church yard maintenance. The dividends received are unrestricted.

Fanny Lambert

Investments held to fund communion linen. The dividends received are unrestricted.

Prior year comparison
Sale of Church of England Schools
Churchyard
Fanny Lambert		 Balance at
1-Jan-22
£
74,419
8,477
898
83,794		 Income
£
2
-
-
2		 Expenditure
£
-
-
-
-		 Investment
revaluation
£
(8,198)
(998)
(106)
(9,302)		 Transfers
£
-
-
-
-		 Balance at
31-Dec-22
£
66,223
7,479
792
74,494

14 Analysis of net assets by fund

Tangible assets
Investments
Net current assets
Prior year comparison
Tangible assets
Investments
Net current assets		 General
Fund
£
31,819
-
102,390
134,209
General
Fund
£
32,425
-
91,407
123,832		 Designated
Funds
£
-
-
5,578
5,578
Designated
Funds
£
-
-
12,290
12,290		 Restricted
Funds
£
-
-
55,277
55,277
Restricted
Funds
£
-
-
127,335
127,335		 Endowment
funds
£
-
76,274
4,783
81,057
Endowment
funds
£
-
69,714
4,780
74,494		 Total
2023
£
31,819
76,274
168,028
276,121
Total
2022
£
32,425
69,714
235,812
337,951

17

Oughtibridge Parish Church

Notes to the financial statements - continued For the year ended 31 December 2023

15 Statement of financial activities - full fund prior y
Income from:
Voluntary giving
Planned giving
Service collections
Non-recurring donations
Gift aid recovered
Grants received
Investments
Bank and CBF Deposit Fund Interest
Sale of Worrall School - dividends
Fanny Lambert - dividends
Churchyard - dividends
Church activities
Fees relating to weddings and funerals
Events, service support, cafe
Church centre and chapel lettings - community use
Other income
Total income
Expenditure on:
Church activities
Mission Support
Common fund support
Salary costs
Clergy expenses
Staff conferences and training
Church expenses
Mission and evangelism costs
Church running costs
Church Centre refurbishment
Chapel refurbishment - grants paid out
St Matthias costs
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfer of funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 ear comparison
General
funds
£
108,140
208
2,897
23,274
1,150
135,669
443
1,838
24
224
2,529
586
14,703

6,758
22,047
7
160,252
6,550
14,520
6,365
1,520
1,509
20,612
38,238
66,511
-
-
155,825
-
4,427
5,950
10,377
123,832
134,209		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100
-
-
-
612
712
-
(712)
(6,000)
(6,712)
12,290
5,578		 Restricted
funds
£
4,080
613
36,672
1,568
49,210
92,143
29
-
-
-
29
554
-
-
554
1,083
93,809
468
-
42,842
-
-
8,971
206
110,180
3,250
-
165,917
-
(72,108)
50
(72,058)
127,335
55,277		 Endowment
funds
£
-
-
-
-
-
-
3
-
-
-
3
-
-
-
-
-
3
-
-
-
-
-
-
-
-
-
-
-
6,560
6,563
-
6,563
74,494
81,057		 Total
2023
£
112,220
821
39,569
24,842
50,360
227,812
475
1,838
24
224
2,561
1,140
14,703
6,758
22,601
1,090
254,064
7,018
14,520
49,207
1,520
1,509
29,683
38,444
176,691
3,250
612
322,454
6,560
(61,830)
-
(61,830)
337,951
276,121		 General
funds
£
92,686
601
6,193
21,938
-
121,418
243
1,828
24
222
2,317
990
8,829
7,454
17,273
-
141,008
7,050
13,920
-
1,820
528
17,632
27,964
-
-
-
68,914
-
72,094
(12,210)
59,884
63,948
123,832		 Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,710
7,710
-
(7,710)
12,000
4,290
8,000
12,290		 Restricted
funds
£
-
-
6,250
1,563
130,590
138,403
-
-
-
-
-
1,454
-
-
1,454
1,554
141,411
1,046
-
43,362
-
-
2,273
-
31,819
-
-
78,500
-
62,911
210
63,121
64,214
127,335		 Endowment
funds
£
-
-
-
-
-
-
2
-
-
-
2
-
-
-
-
-
2
-
-
-
-
-
-
-
-
-
-
-
(9,302)
(9,300)
-
(9,300)
83,794
74,494		 Total
2022
£
92,686
601
12,443
23,501
130,590
259,821
245
1,828
24
222
2,319
2,444
8,829
7,454
18,727
1,554
282,421
8,096
13,920
43,362
1,820
528
19,905
27,964
31,819
-
7,710
155,124
(9,302)
117,995
-
117,995
219,956
337,951

18